Risk aversion inching off - BMO Capital Markets

FXStreet (Guatemala) - Stephen Gallo, European Head of Currency Strategy at BMO Capital noted that risk aversion has been inching off ahead of key data releases.

Key Quotes

"‘Risk aversion’ inched off during the Asian session and London morning”.

“The small back-up in the US 10yr yield from the open kept EUR/USD offered between 1.3375 and 1.3400, but Fed’s Fischer’s comments seemed to dampen some of the move”.

“FX probably needs 1 or 2 full sessions of improvement in risk appetite to allow for a ‘clean’ reaction to US retail sales on Wednesday."